Global X CleanTech ETF (NASDAQ:CTEC) Sees Significant Growth in Short Interest

Global X CleanTech ETF (NASDAQ:CTEC) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 2,464 shares, an increase of 90.1% from the December 31st total of 1,296 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 4,037 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 4,037 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the company’s shares are short sold.

Global X CleanTech ETF Stock Down 2.9%

Shares of Global X CleanTech ETF stock traded down $1.82 during midday trading on Friday, hitting $61.43. The company’s stock had a trading volume of 10,435 shares, compared to its average volume of 5,112. Global X CleanTech ETF has a 1-year low of $25.90 and a 1-year high of $64.95. The firm has a market capitalization of $28.87 million, a P/E ratio of 15.62 and a beta of 1.48. The stock has a 50-day simple moving average of $56.86 and a 200-day simple moving average of $51.90.

Global X CleanTech ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a $0.2802 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 104.0%.

Institutional Investors Weigh In On Global X CleanTech ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BLVD Private Wealth LLC acquired a new position in shares of Global X CleanTech ETF during the second quarter worth approximately $1,252,000. rebel Financial LLC bought a new stake in shares of Global X CleanTech ETF in the 2nd quarter worth about $112,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Global X CleanTech ETF during the second quarter worth approximately $26,000.

Global X CleanTech ETF Company Profile

The Global X CleanTech ETF (CTEC) is an exchange-traded fund that is based on the Indxx Global CleanTech index. The fund tracks a market-cap weighted index of global companies involved in the development and production of technologies that reduce negative impact on the environment. CTEC was launched on Oct 27, 2020 and is managed by Global X.